Bharti AXA Life Saral Jeevan Bima Yojana e-Brochure

Bharti AXA Life POS Saral Jeevan Bima Yojana A Non-Linked, Non-Participating, Term Insurance Plan which is designed to provide Life Insurance cover in case of death HAR KHUSHI KO RAKHEIN SURAKSHIT

Key Benefits

I

I

Lump sum Death Benefit

Double Sum Assured on death due to accident

No medical examinations

Quick policy issuance

Flexibility to choose Policy Term

Tax benefits as per the Income Tax Act, 1961, as amended from time to time

Rakesh, 30 years old, working for Indian Postal Services. He is looking for a Life Insurance plan that would ensure he is covered against any unforeseen events and in case of any eventualities, his wife and daughter are well protected against any financial uncertainity. Case Study

How does the plan work? Rakesh decides to purchase Bharti AXA Life POS Saral Jeevan Bima Yojana for a Policy Term of 10 years for which he has to pay premium for 10 years. He chooses a Sum Assured of 5,00,000, he has to pay an annual premium of 1,465 (exclusive of applicable taxes).

In case of Rakesh’s death during the policy term, his nominee would receive benefits as given below:

1 st Scenario

2 nd Scenario

3 rd Scenario

Death Benefit (other than death due to Accident) during Waiting Period of 90 days in case of Rakesh’s unfortunate death (other than death due to Accident) during the Waiting Period of 90 days, the Death Benefit payable will be 100% of premiums paid (exclusive of applicable taxes) till the date of death, that is, 1,465

Death Benefit (other than death due to Accident) after Waiting Period of 90 days in case of Rakesh’s unfortunate death (other than death due to Accident) after the Waiting Period of 90 days, the Death Benefit payable will be the Sum Assured on Death, that is, 5,00,000.

Death Benefit (death due to Accident) – No Waiting Period is applicable in case of Rakesh’s unfortunate death due to Accident, the total Death Benefit payable will be equal to two times the Sum Assured on Death, that is, 10,00,000.

Eligibility Criteria

Parameter

Min

Max

Age at entry Maturity age Policy Term

18 years 28 years

55 years 65 years

10/15/20/25 years

Premium Payment Term

Regular Pay (Same as Policy Term)

No Limit^

Sum Assured

50,000

Depends on Sum Assured

Premium

Premium Payment Modes

Annual, Semi-Annual, Quarterly* & Monthly*

# Sum Assured in multiples of 50,000 * Payable through ECS only ^ Maximum Sum Assured subject to Board approved Underwriting Policy

BEWARE OF SPURIOUS/FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Life Insurance Coverage is available under this product.

Trade Logos used in the document belong to the Bharti Enterprises (Holdings) Private Ltd. and AXA SA respectively and are used by Bharti AXA Life under license. and Bharti AXA Life Insurance Company Ltd. is only the name of the Company and Bharti AXA Life POS Saral Jeevan Bima Yojana is the name of the traditional participating insurance product and does not in any way represent or indicate the quality of the product or its future prospects. *Tax benefits are as per income tax Act, 1961, and are subject to any amendments made thereto from time to time. This is not a sales brochure, for more details on risk factors, policy exclusions, terms and conditions, please read the sales brochure available on the website of the company at www.bharti-axalife.com carefully before concluding a sale. Bharti AXA Life Insurance Company Ltd. Regd. Office address: Bharti AXA Life Insurance Company Ltd. [IRDAI Regd. No. 130] Unit No. 1904, 19th Floor, Parinee Crescenzo, 'G' Block, Bandra Kurla Complex, BKC Road, Near MCA Ground, Bandra East, Mumbai - 400051, Maharashtra. CIN: U66010MH2005PLC157108, UIN: 130N094V02 , Advt no.: II-Apr-2020-2159

Click here to Calculate Premium

SMS SURAKSHA to 56677 We will get in touch within 24 hours to address your query.

Toll-free: 1800 102 4444

For locating a branch near you, please visit www.bharti-axalife.com

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